Business
Brisk Buying Drives PSX to New All-Time High Despite Flood Threats – SUCH TV
The Pakistan Stock Exchange (PSX) made history again on Thursday as share prices surged, pushing the benchmark index to an all-time high. Investors engaged in brisk buying, seemingly undeterred by the ongoing floods in Punjab and the looming threat of a super flood in Sindh, Private TV Channel reported. The strong trading activity reflects market optimism despite the challenging natural disaster situation in the country.
By 10:30 am, the PSX’s benchmark KSE-100 Index surged by 1,091.29 points or 0.71 percent running over the 153,000 barrier and lifting it to 153,293.16 points.
Of the total 428 companies traded so far, share prices of 285 companies were up and of 125 companies were down while 18 remained unchanged.
Buying was observed in key sectors including cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refinery.
Index-heavy stocks, including ARL, MARI, POL, PPL, PSO, SGNPL, HBL, MCB, MEBL and NBP traded in the green.
Analysts opined that strong corporate earnings, coupled with increased sales in the fertiliser, oil, and cement sectors during August, along with signs of improving economic indicators, helped offset worries related to flooding and heavier-than-usual rainfall.
Experts said the bullish run was due to a combination of upbeat economic indicators.
These included a rise in foreign exchange reserves, lower consumer inflation at 3pc year-on-year, a 7pc year-on-year increase in oil sales for August, and anticipated government spending on post-flood reconstruction.
On Wednesday, thePSX had extended its record-breaking run as the index surged by 1,226.39 points or 0.81% to settle at 152,201.88.
A big boost to the index came from the power generation and distribution sector, which added 411 points.
However, a few sectors saw minor pullbacks. which included glass and ceramics, engineering, sugar and allied industries and cable & electrical goods.
A total of 1,043,232,122 shares worth Rs 51.308 billion were traded during the day.
The three top trading companies were Pace (Pak) Limited with 89,287,134 shares at Rs 6.95 per share, Fauji Foods Limited with 73,360,809 shares at Rs18.15 per share and Bank of Punjab with 51,572,354 shares at Rs17.37 per share.
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Stock Market Updates Today: Indian stock markets were trading higher at open today
Sensex Today
Sensex Today: Indian equity benchmarks pared most of their early gains but still closed in the green on Monday. The BSE Sensex, after touching an intra-day high of 81,171.38, ended at 80,787.30, up 76.54 points or 0.09%. The NSE Nifty50 settled at 24,773.15, higher by 32.15 points or 0.13%, after moving between 24,885.50 and 24,751.55 during the session.
In the broader market, the Nifty Midcap 100 and Nifty Smallcap 100 indices gained 0.50% and 0.16%, respectively.
Auto stocks were the clear outperformers, with the Nifty Auto index advancing 3.30%, led by Bharat Forge, Ashok Leyland, Motherson Sumi, and Tata Motors. In contrast, the Nifty IT index slipped 0.94%, with Persistent Systems, LTIMindtree, and Tech Mahindra among the key laggards.
The market breadth tilted positive, with 1,749 out of 3,144 stocks on the NSE ending higher, while 1,285 declined and 110 remained unchanged.
A total of 114 stocks hit their 52-week highs, while 50 stocks touched fresh 52-week lows during the session.
The combined market capitalisation of NSE-listed companies stood at $5.07 trillion at the close of trade.
Global Cues
Asian markets opened higher on Monday as investors awaited Japan’s final April–June GDP growth figures and China’s August trade data due later in the day. Market participants are also digesting the resignation of Japan’s Prime Minister Shigeru Ishiba announced over the weekend. At last check, Japan’s Nikkei 225 gained 1.7 percent, while South Korea’s KOSPI rose 0.21 percent.
On Wall Street, US equities ended lower on Friday, September 8, as a weaker-than-expected jobs report raised concerns about the pace of the economic recovery. The S&P 500 fell 0.32 percent, the Dow Jones Industrial Average declined 0.48 percent, while the Nasdaq Composite slipped 0.03 percent.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 08, 2025, 08:41 IST
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Shares of Bharat Forge surged over 5 per cent on September 8, emerging among the top F&O gainers; Know details
Bharat Forge Shares
Bharat Forge Share Price: Shares of Bharat Forge surged over 5 per cent on September 8, emerging among the top F&O gainers, as investors cheered its subsidiary’s plan to acquire a 950-acre land parcel in Andhra Pradesh to set up a large defence manufacturing complex.
The step-down subsidiary, Agneyastra Energetics, held through Kalyani Strategic Systems (KSSL) – a wholly owned arm of Bharat Forge – will purchase nearly 949.65 acres in Madakasira, Anantapur district. The complex will host an end-to-end defence energetics facility, including a high explosives manufacturing plant, ammunition filling plant, gun propellant unit, and provisions for expansion into energetics for rockets, missile systems, and space launch vehicles, the company said in an exchange filing on September 4.
India is targeting defence production of Rs 3 lakh crore and exports worth Rs 50,000 crore by 2029, with Bharat Forge positioning itself as a key private-sector partner. In FY25, the company secured its largest-ever defence order worth nearly Rs 4,000 crore to supply 184 ATAGS platforms — a milestone it described as a “big moment for the private defence industry.”
KSSL has also acquired a 25 percent stake in Italian design firm EdgeLab, which specialises in autonomous underwater vehicles, while a new 4 lakh sq. ft. manufacturing facility near Pune is expected to begin operations in H1FY26.
In Q1FY26, Bharat Forge reported consolidated revenue of Rs 4,158 crore, up 12 percent year-on-year, led by growth in both the defence and industrial segments. Net profit stood at Rs 416 crore, rising 15 percent year-on-year, while EBITDA came in at Rs 728 crore with a margin of 17.5 percent. The company highlighted that defence, aerospace, and EV components contributed strongly to the performance.
Looking ahead, management flagged Q2FY26 as “a little weaker” due to softer US exports but maintained that the second half would outperform the first.
“In aerospace, we will have strong growth this year. On a year-on-year basis, we should see upwards of 20 percent growth, maybe even higher,” Joint MD Amit Kalyani said during the June quarter earnings call.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 08, 2025, 13:10 IST
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Share prices soared on Monday as the Pakistan Stock Exchange (PSX) saw strong buying activity on the first day of the new business week, pushing the benchmark KSE-100 index past the 155,000 mark amid positive economic indicators.
During intraday trading, the KSE-100 index gained 1,610.82 points (1.03%), closing at an all-time high of 155,888.01 points.
This marked the seventh consecutive bullish day, reflecting investor confidence in government policies.
The upward trend has largely offset concerns over economic risks stemming from ongoing devastating floods that have damaged farmlands.
A total of 448 companies transacted shares, with 254 posting gains, 175 recording losses, and 19 remaining unchanged.
On the previous Friday, the index had also gained 1,611.47 points (1.06%), closing at 154,277.19 points.
Trading volumes rose, with 1.078 billion shares exchanged, compared to 954 million the prior day.
Total market turnover reached Rs59.949 billion, up from Rs46.053 billion, as 479 companies participated in trading, 239 gaining, 210 losing, and 30 remaining unchanged.
The three top trading companies were Bank of Punjab with 146,093,956 shares at Rs 19.69 per share, F. Nat.
Equities with 55,753,605 shares at Rs7.74 per share and Fauji Foods Limited with 50,935,429 shares at Rs18.72 per share.
Sitara Chemical Industries Limited witnessed a maximum increase of Rs 79.77 per share price, closing at Rs 877.47, whereas the runner-up was Siemens (Pakistan) Engineering with Rs50.17 rise in its per share price to Rs1,603.17.
PIA Holding Company LimitedB witnessed a maximum decrease of Rs 834.67 per share, closing at Rs25,506.00 followed by Hoechst Pakistan Limited with Rs96.79 decline in its share price to close at Rs4,004.48.
Meanwhile, in the future market, as many as 316 companies traded shares in the market out of which 181 witnessed gains, 133 loss where the prices of 2 companies remained unchanged.
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